Turkish authorities fine local unit of crypto exchange Binance – Anadolu news agency

Representation of cryptocurrency Binance Coin, the native token of the cryptocurrency exchange, is seen in this illustration taken November 29, 2021. REUTERS/Dado Ruvic/Illustration

ISTANBUL, Dec 25 (Reuters) – Turkey’s Financial Crimes Investigation Board (MASAK) has fined the local unit cryptocurrency exchange Binance 8 million lira ($751,314) over violations found during liability inspections, the state-owned Anadolu news agency reported on Saturday.

Anadolu said the fine imposed on BN Teknoloji was the first of its kind after the authority took on responsibilities to oversee crypto asset service providers in May. The news agency did not provide further details about the violations or inspections.

BN Teknoloji did not immediately respond to an emailed request for comment at the weekend, while MASAK could not be reached for comment.

($1 = 10.6480 liras)

Register now for FREE unlimited access to Reuters.com

Reporting by Ezgi Erkoyun; Editing by Pravin Char

Our Standards: The Thomson Reuters Trust Principles.

This news is republished from another source. You can check the original article here

Be the first to comment

Leave a Reply

Your email address will not be published.


*